Latest: Ahmedabad University MBA admissions 2024 open; Apply now
Recommended: Top UGC approved colleges for Online MBA
Don't Miss: Best Online MBA courses by Top Universities
Hi Shourya,
In India and also in many of the countries around the world, a Master of Business Administration is one of the most sought after and prestigious degrees in the management field to stimulate a better post-graduation career. Particularly in India, MBA is synchronous to great pay and fast career growth opportunity. These are the two primary reasons candidate aim for to pursue a management degree.
With every year passing by, the top and average salary offered by different companies that come for placements in the institutes have been steadily and substantially increasing. Also, Placement reports of the institutes don’t leave any opportunity behind in boasting these statistics as these are one of their most important selling points. The package and the prestigious brands serve as diamonds in their placement reports. However, many of the placement reports released by the institutes do not give an overall perspective of salaries offered. These institutes do not show or purposefully hide their lowest packages offered or percentage of students who come under this lower package bracket. In an effort to bring transparency and make these reports reliable, IIM Ahmedabad started ‘Indian Placement Reporting Standards’ (IPRS) and proposed a standardised way of reporting salary and non-salary information. The data submitted will then undergo a third-party audit process with institutes such as CRISIL thus making the placement reports reliable. The purpose of this is to provide a holistic and trustworthy data for aspirants to make right choices. As of now, only 30 MBA colleges have signed up for it and are abiding by it. However only nine of these colleges have furnished their detailed placement reports.
Different colleges publish their placement reports on different dates. For example, if we take IIMs, the top IIMs: IIM Ahmedabad, IIM Bangalore, IIM Calcutta concluded their placements in February itself but published their placement statistics in the month of September 2019 because they needed to be audited by IPRS.
The table below provides a snapshot of packages offered by companies in different colleges in 2019, here, the colleges which offer minimum package of 10-12 lakhs is only considered.
MBA College
Placement 2019
Placement 2018
IIM Ahmedabad
TBD
24.45
IIM Bangalore
24.54
22.76
IIM Calcutta
25.36
24.2
IIM Indore
20.79
18.17
IIM Kozhikode
20
17.8
FMS Delhi
23.1
21.1
IIFT
20.07
19.23
XLRI, Jamshedpur
22.35
20.1
SPJIMR, Mumbai
22.9
22.24
MDI Gurgaon
20.13
19.17
JBIMS Mumbai
18.91
IMI New Delhi
13.01
12.23
IMT Ghaziabad
12.5
11.6
IIM Tiruchirappalli
14.91
14.28
IIM Rohtak
11.85
11.7
IIM Kashipur
12.24
12.19
IIM Udaipur
13.2
13.16
IIM Ranchi
15.02
15.09
IIM Raipur
14.53
12.45
SIBM Pune
17.48
16.23
NMIMS Mumbai
17.6
TAPMI Manipal
11.06
11
XIM Bhubaneswar
14.31
12.91
IIM Shillong
16.79
15.5
IIM Sambalpur
10.55
IIM Bodhgaya
10.9
10.6
IIM Amritsar
12.2
11.02
IIM Nagpur
12.35
12.1
IIM Visakhapatnam
12.61
12.07
FORE New Delhi
10.8
10.4
GIM Goa
10.61
IRMA Anand
14.24
11.39
MICA Ahmedabad
12.3
* TBD: To be Declared, and salary is average salary in INR Lakhs
Students who are repeating or those who have not been able to perform well in academics are the ones who receive low packages. This might be a debatable topic and different people have their opinion on this. According to my experience, recruiters don’t pay any heed and have no reason to hire you if you haven’t performed well in your academics and extra-curriculars. B-Schools find hard to place such students and at times these students might have to be asked to fill an opt-out form or go for a rolling placement.
All the very best!!
Download this ebook and get all details related to the top UGC approved colleges for Online MBA.
Admit Card | Application | Result | Cutoff | Counselling | Preparation Tips | Eligibility
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile